Monday Watch

Today's Headlines

Bloomberg:

• Israel Latest: Military Intensifies Assault, Isolating Gaza City.
• Israel Says Hamas Is Using Hospitals to Conceal Military Activity.
• Bank of Korea May Keep Policy Tight Another Year, Ex-Member Says.
• South Korean Stocks Jump After Regulator Bans Short Selling.
• Pimco, JPMorgan Are Gearing Up for Long Winter in China Markets.
• Canon’s Advanced Chip Machines to Cost a Fraction of ASML’s Best.
• Asia Stocks Gain on Bullish Tailwind From US Rally: Markets Wrap.
• Oil Edges Higher After Saudis and Russians Reaffirm Supply Cuts.
• The Price of Money Is Going Up, and It’s Not Only Because of the Fed.
• Efforts to Bump Trump Off the 2024 Ballot Raise Fears of Election Chaos.
• Ackman Urges Suspensions at Harvard to Tackle Antisemitism.

Zero Hedge:

• "Positioning Has Shifted Dramatically": Goldman PB Stunned By Huge Reversal Below Market Surface.
• Kamala Harris' Stepdaughter Helps Raise $8M For Gaza While Mom's Admin Pushing Billions For Israel.
• Trump Campaign Fights For Place On Michigan Ballot.
• Netanyahu's 'Political Days Are Numbered': White House.
• Appeals Court Freezes Trump Gag Order Issued By Out-Of-Control Woke Judge.
• Tverberg: Today's Energy Bottleneck May Bring Down Major Governments.
• Blinken Tells Abbas He Asked Israel To Use 'Smaller Bombs' On Gaza.
• Democrats Rattled After NYT Poll Shows Trump Beating Biden In Majority Of Swing States.
• Weekend News Round Up - Newsquawk Asia-Pac Market Open.
• Police Find No Evidence That Israel Supporter Attack UNC Muslim Student With Knife.
• US Rolls Out 50th Weapons Package For Ukraine.
• What A Fire!
• Gateway Project Rail Tunnel Between NY And NJ Breaks Ground After Decades Of Red Tape.
• FDA Responds After Being Urged To Recall Pfizer's Vaccine Over DNA Fragments.
• Congress Sneaks In Stealth $34,000 Pay Raise; Gaetz, AOC Among More Than 200 Lawmakers To Benefit.
• The Bond Market's Bearish Message For Stocks.
• Turkey Recalls Ambassador To Israel, Holds Netanyahu Personally Responsible For Gaza Atrocities.
• 'Greenies' Are All About The Green.
• Chat GPT, CFA?
• Queers For Palestine: Identity Politics At Its Most Absurd.
• Armed Man Storms Hamburg Airport With 'Possible Explosives' As Hostage Situation On Tarmac Ongoing.
• Majority Support For Muslim Migration Ban As 3 In 4 Germans Say Newcomers Hate Western Society.
• TME Weekend: Duration has no friends until the data dumps.
• The Great Reset, Part 1: The Four Horsemen Of The Apocalypse.
• The World's Largest Biometric Digital ID System, India's Aadhaar, Just Suffered Its Biggest Ever Data Breach.
• "Allahu Akbar, Fu*k Joe Biden!": Enraged Pro-Palestinian Protesters Gather Outside White House.
• Don't Fall For Biden's Latest Talking Point.

Wall Street Journal:

• Why Stanford’s Leaders Tolerate Anti-Semitism. Recall how Marc Tessier-Lavigne was ousted as president after bucking leftist orthodoxies.
• Boycotting the Jews Reaches the West Bank of the Delaware. Philadelphia officials shrink from criticizing a boycott of restaurants owned by ‘Zionists.’
• Escalating Militia Attacks on U.S. Troops Risk Washington-Tehran Confrontation.
• Blinken Rushes to Reassure Arab Allies in Surprise Trips.
• Live Updates: Militants Fire Rockets Across Israel.
• U.S. and Israel Split Over Gaza Goals, Muddying Endgame.
• Breaking Down the Best Earnings Quarter in a Year.
• Tesla Raises Wages for German Workers Amid Union Pressure.
• The Fun Things in Life Are Giving Us Buyer’s Remorse.
• LGBT Issues Galvanize Democrats’ Push for School Board Control.
• Charles Schwab’s Rocky Year.
• Big Western Brands Are Getting Squeezed by Chinese Belt-Tightening.

CNBC:

• Elon Musk debuts ‘Grok’ AI bot to rival ChatGPT, others.
• Washington Post appoints William Lewis as CEO; to reduce headcount by 10%.

Reuters:

• Japan service activity posts slowest growth this year - PMI.

MarketWatch.com:

• Saudi Arabia to extend 1 million-barrel-a-day oil production cut through December.
• AI could spark the next financial crisis, SEC Chair Gary Gensler says.
• The Dow ripped higher last week. Why doubters ‘don’t believe in this rebound.’

NewsMax:

• Netanyahu: No Gaza Cease-Fire Until Hostages Returned.
• Obama Links Hamas Attacks with ‘Unbearable’ Israeli Occupation.
• IDF: Hamas Using Kids as 'Human Shields,' Staging in Playgrounds.
• Graham, Blumenthal Pairing for Bipartisan Iran Warning.
• Iran: US 'Will be Hit Hard' If No Cease-Fire in Gaza.

 Fox News:

• Evidence shows how Hamas terrorists exploit hospitals as part of jihadi war machine.
• Americans are sticking weird stuff in weird places, according to the CDC.

TheGatewayPundit.com:

• Bill Ackman’s Brutal Letter to Harvard President “I Have Lost Confidence That You and the University Will Do What is Required”.
• NEW POLICE VIDEO RELEASED from the Slaughter of Innocents at Israeli Nova Dance Party by Hamas – Death Toll at Nova Concert Rises to Nearly 300 (VIDEO).
• “No Major Incidents Reported” – DC Police After Pro-Hamas Mob Attacks White House Gates, Defaces Statues, Damages Police Vehicles – Conservatives Respond.
• Bill Maher’ “Democrats Are Now the Ones Carrying the Tiki Torches” (Video).
• Group of Progressive Teachers in Washington Trying to Ban ‘To Kill a Mockingbird’ in Schools.
• Fetterman Takes Swipe at Newsom, Says He is Running For President But Doesn’t Have the ‘Guts’ To Announce.
• SHOCKING VIDEO: THOUSANDS of Angry Pro-Gaza Muslims Storm Incirlik US Base in Adana, Turkey – VIDEO.
• BRUTAL: ABC Panel Openly Discusses Throwing Biden in the Garbage and Replacing Him with Another Democrat After NYT Poll Shows Trump Landslide (VIDEO).
• APOCALYPTIC! Joe Biden’s Intentional Destruction of America: Cartels Cut Holes Through Border Wall, Hundreds of Illegals from Africa and Syria Rush In (VIDEO).
• Three Years Ago Today America Woke Up to a Stolen 2020 Presidential Election.
• Watch: Pro-Palestinian Protesters Breach US Military Supply Ship They Think Is Heading for Israel.
• Chicago Secretly Renews Contract with Covid Staffing Firm to Staff Migrant Shelters-Some Staff on Track to Make $800K Per Year.
• NYT Poll: Shifting Support Among Black Voters Spurs Trump’s Lead in Key Battleground States Ahead of 2024 Election.
• Killer Jab: Nearly a Quarter of Americans Say They Know Someone Who Died From COVID-19 Shot.
• VIDEO: Radical Pro-Palestinian Protestors Deface and Vandalize Statues in Washington DC – Spray Paint White House Fence.
• Major Shift in Western Propaganda on Ukraine.
• NATIONAL SUICIDE: Inside the Democrats’ Plan to Allow Non-Citizens to Vote. 
• TYPICAL: Obama Says ‘All of Us’ Are to Blame for the Conflict Unfolding in Gaza (VIDEO).
• House Speaker Mike Johnson on Securing the Border: ‘We’re Going to Force the Issue’ (VIDEO).

The Epoch Times:

• House Republican Raises Concerns about China’s Logistics Management Platform.

OpenVAERS:

• VAERS US COVID Vaccine Adverse Event Reports. 988,705 Reports(+1,488 from prior week) Through September 29th, 2023.

SKirsch.com:

• Using the MGH numbers with our own VAERS queries, we have 247 cases per million doses from the MGH study divided by 5.97 cases per million doses from VAERS. 247/5.97 = 41. This suggests that the VAERS under-reporting factor (URF) is 41X.

Night Trading

• Asian indices are +.75% to +1.75% on average.
• Asia Ex-Japan Investment Grade CDS Index 124.25 -3.5 basis points.
  
• China Sovereign CDS 82.5 -3.0 basis points.
• China Iron Ore Spot 123.7 USD/Metric Tonne +.6%.
  
• Bloomberg Emerging Markets Currency Index 41.77 +.15%.
• Bloomberg Global Risk-On/Risk Off Index 65.5 +.9%.
• Bloomberg US Financial Conditions Index .03 +1.0 basis point. 
  
• Volatility Index(VIX) futures 16.9 -.07%. 
• Euro Stoxx 50 futures -.07%.
• S&P 500 futures +.01%.
• NASDAQ 100 futures unch.

Morning Preview Links

BOTTOM LINE: Asian indices are modestly higher, boosted by industrial and technology shares in the region. I expect US stocks to open mixed and to rally into the afternoon, finishing modestly higher.  The Portfolio is 75% net long heading into the week.